After 2 months of improvement, consumer confidence index fell to 49.3 in June. In may the index stood at 54.8. Todays results were worse than expected. Prior to the number being released the market had an upward bias, but quickly retreated once the number came out. The SPY went from $92.90 to $91.92 within 30 [...]
Archive for June, 2009
29 Jun
Today’s Action
Today was one of those days where you needed to make a few bucks within the first 45 minutes or so and then sit back and watch as one of the biggest financial criminals of all time was sentenced to the Maximum of 150 years behind bars. Justice was served!
Hopefully this message sent a strong [...]
25 Jun
day trading lessons
To day trade consistently profitable requires you learn the skill of determining if you have an OBVIOUS edge. Every day is not a day for full share size nor should you expect max profits every day.
Too many traders spend a lot of time (too much in my opinion) looking for a spot to enter a [...]
24 Jun
FOMC Yawn
The 2:15pm announcement came as no surprise today as most wall street traders and the like expected the FOMC to keep rates unchanged. The FOMC said interest rates would remain low for an extended period. They also said that inflation is likely to remain subdued for some time and noted that the pace of the [...]
23 Jun
get involved to earn money day trading$
Day trading believe it or not requires patience. The most difficult thing to do in this instant gratification world is nothing. Can you wait for an edge to be obvious or do you get involved because you have an account. In my experience most unprofitable traders or inconsistent traders choose the second one.
If you want to earn enough [...]
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